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BitMart· 2025-11-13 15:38
RT Global Blockchain Show (@0xGBS)Meet Nenter (Nathan) Chow @50Nent , Global CEO of @BitMartExchange , as he takes the stage at the Global Blockchain Show 2025!From leading BitMart’s global expansion to investing in Web3 infrastructure and consumer innovations at Animoca Ventures, Nathan brings over 17 years of experience spanning investment banking, venture capital, and blockchain innovation. His strategic leadership continues to bridge traditional finance and decentralized technologies, driving global ado ...
Franklin Templeton Debuts Tokenized Money Market Fund in Hong Kong
Yahoo Finance· 2025-11-06 09:10
Core Insights - Franklin Templeton has launched a blockchain-based money-market fund for professional investors in Hong Kong and is developing a version for retail investors, aiming to expand its presence in Asia [1][2] Group 1: Fund Structure and Benefits - The Franklin OnChain U.S. Government Money Fund invests in short-term U.S. government securities, with shares represented as tokens, allowing for faster transactions, better transparency, and lower costs compared to traditional fund structures [2] - The fund utilizes a proprietary blockchain recordkeeping system to issue, distribute, and service fund shares directly onchain, registered under the EU's UCITS regulations, which provide a high level of investor protection [4] Group 2: Strategic Partnerships and Initiatives - Franklin Templeton is collaborating with HSBC and OSL to test how the fund token, gBENJI, can deliver yield onchain and interact with HSBC's tokenized deposits for around-the-clock settlement and smoother investor operations [3] - The launch is part of the firm's involvement in Hong Kong's Project Ensemble, an initiative by the Hong Kong Monetary Authority exploring tokenized finance, reinforcing Hong Kong's position as a hub for institutional digital assets [2][3] Group 3: Historical Context and Development - Franklin Templeton has been active in blockchain finance since 2018, launching several tokenized funds and developing the Benji Technology Platform, which supports the new Hong Kong product [5]
AlphaTON Capital Appoints Wes Levitt as Chief Financial Officer
Globenewswire· 2025-10-24 12:05
Core Insights - AlphaTON Capital Corp. has appointed Wes Levitt as Chief Financial Officer, effective immediately, to support its growth in the TON ecosystem and digital asset markets [1][2]. Company Overview - AlphaTON Capital is a specialized digital asset treasury company focused on building and managing a strategic reserve of TON tokens and developing the Telegram ecosystem [5][6]. - The company implements a comprehensive treasury strategy that includes direct token acquisition, validator operations, and strategic ecosystem investments to generate sustainable returns for shareholders [5]. Leadership and Strategy - Wes Levitt brings extensive experience in finance, investment management, and blockchain strategy, having previously served as Co-CIO at Alpha Sigma Capital Advisors and Head of Strategy at Theta Labs [2][3]. - In his new role, Levitt will oversee finance, accounting, and capital markets operations, while also supporting strategic initiatives to enhance AlphaTON's position within the TON ecosystem [4]. Business Activities - AlphaTON's activities include network validation, staking operations, and the development of Telegram-based applications, as well as potential investments in TON-based decentralized finance protocols and gaming platforms [6]. - The company is also involved in advancing therapies targeting checkpoint resistance pathways, contributing to drug development and strategic counsel for immunotherapy assets [7].
Yiren Digital Strategically Expands into Blockchain Finance and Partners with ChainUp for Platform Development
Prnewswire· 2025-10-17 10:10
Core Insights - Yiren Digital has signed a Memorandum of Understanding (MOU) with ChainUp to co-develop a global blockchain infrastructure platform for institutional-grade crypto investment products and related financial services [1][2]. Company Strategy - The partnership is a significant step in Yiren Digital's long-term growth strategy, focusing on creating a transparent, efficient, and compliant next-generation fintech platform [2]. - The company aims to capture opportunities at the convergence of traditional finance and emerging Web3 technologies [2]. Blockchain Initiatives - Yiren Digital began building its Web3 assets in Q1 2025 by investing directly in Ethereum (ETH) and established a digital asset task force in Hong Kong to explore regulated opportunities [3]. - The company plans to launch an initial functional release of its new crypto finance system by the end of October 2025, with a full version expected in the first half of 2026 [4]. Long-term Vision - Yiren Digital envisions a comprehensive blockchain-enabled financial ecosystem that offers diversified digital asset investment and tokenization services [5]. - The platform aims to bridge traditional fintech with blockchain infrastructure, unlocking liquidity through the tokenization of real-world assets [5]. Market Context - The global digital asset market has a market capitalization exceeding USD 4.2 trillion, with blockchain-based financial services projected to surpass USD 52.2 billion by 2030, growing at a compound annual growth rate of over 45% [6]. - Yiren Digital believes its early entry positions it to capture significant market share as digital assets transition from speculative instruments to mainstream financial components [7]. ChainUp Overview - ChainUp is a leading blockchain solutions provider, serving over 1,000 clients across more than 30 markets and reaching over 60 million end users [8].
Figure surges in Wall Street debut, valuation tops $7B
Yahoo Finance· 2025-09-11 21:53
Core Insights - Figure Technology Solutions had a successful IPO on September 11, opening at $36 per share, significantly above the $25 pricing, leading to a valuation increase from $5.3 billion to $7.6 billion [1][2] - The IPO included over 23 million new shares and nearly 8 million shares sold by existing holders, with the stock trading around $31.88 shortly after the opening [1] - This IPO reflects a positive trend for crypto-linked companies, indicating a renewed investor interest in blockchain finance, following similar successful debuts by Circle and Bullish [2] Company Summary - Figure Technology Solutions is a blockchain lender that has recently gone public, marking a notable event in the crypto finance sector [1][2] - Co-founder Mike Cagney mentioned that the company considered going public last year but found the market environment unfavorable, which has since improved [2]
Figure IPO rockets to $5.3B valuation: here's why investors are excited
Invezz· 2025-09-11 12:19
Group 1 - Figure Technology, a prominent stablecoin issuer and blockchain finance innovator, successfully launched its IPO on September 11, 2025, pricing shares at $25 each and raising a total of $787.5 million [1] - The IPO marks a significant milestone for the company, highlighting its growth and the increasing interest in blockchain finance solutions [1] - The successful debut on Wall Street reflects the broader trend of institutional adoption of cryptocurrencies and stablecoins in the financial sector [1] Group 2 - The funds raised from the IPO are expected to be utilized for expanding the company's product offerings and enhancing its technological infrastructure [1] - Figure Technology's entry into the public market may attract further investment and partnerships within the blockchain ecosystem [1] - The company's performance post-IPO will be closely monitored as it navigates the competitive landscape of blockchain finance [1]
Google Cloud Expects Over 50% Of Its $106 Billion Backlog To Convert To Revenue In The Next Two Years - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)
Benzinga· 2025-09-10 09:41
Group 1 - Google Cloud is projected to increase its revenue by at least $58 billion over the next two years, highlighting its critical role in Alphabet Inc.'s future [1] - Approximately 55% of the $106 billion backlog is expected to convert into revenue in the next two years, excluding new contracts or clients [2] - The annual revenue run rate for Google Cloud has already exceeded $50 billion, as reported during the July earnings call [2] Group 2 - Google Cloud saw a 28% quarter-over-quarter increase in new customers, with nine of the ten largest AI labs, including OpenAI and Anthropic, as clients [3] - Despite accounting for only 14% of Alphabet's revenue last quarter, Google Cloud is one of the fastest-growing divisions within the company [4] - Google Cloud's growth has been outpacing Microsoft's Azure in recent quarters, indicating its rising competitiveness in the cloud market [5] Group 3 - Alphabet is preparing to launch Google Cloud Universal Ledger (GCUL) in 2026, aiming to enter the blockchain finance space and compete with Ripple Labs' XRP Ledger [6] - Google Cloud is expanding partnerships to enhance next-generation in-car experiences, which is expected to further drive growth and revenue [7] Group 4 - Alphabet holds a momentum rating of 86.12% and a growth rating of 79.21%, reflecting strong historical earnings and revenue expansion [8]
Reitar Logtech Allocates Up to USD 1.5 Billion in Bitcoin Reserves to Food Supply Chain and Announces Establishment of Pine Forest Holdings
Globenewswire· 2025-07-07 12:12
Core Insights - Reitar Logtech has established Pine Forest Holdings to create a vertically integrated food supply chain, enhancing its smart agriculture ecosystem [1][2][3] Group 1: Subsidiary and Supply Chain Integration - Pine Forest Holdings will integrate approximately 1,333 hectares (20,000 mu) across eight agricultural bases in mainland China, supplying a variety of products directly to Hong Kong markets [2] - The subsidiary aims to build an efficient and transparent smart agriculture ecosystem through strategic partnerships with local markets [2] Group 2: Cold Chain and Food Safety - Reitar Logtech's automated cold chain warehouse in Kwai Chung, exceeding 200,000 square feet, will centralize cold storage and distribution, ensuring food safety and freshness [3] - The company is expanding its prepared food and processing operations to diversify local food supply [3] Group 3: Technological Innovations - Reitar Logtech has launched a digital asset reserve strategy totaling up to USD 1.5 billion, introducing RBTC and RHKD as key payment tools within the supply chain [4] - The integration of blockchain technology will enhance transparency and food safety through comprehensive data recording from origin to sales [7] Group 4: Industrial Synergy and Market Position - Pine Forest Holdings will pursue industrial synergy by acquiring high-quality food sources and logistics companies, improving food circulation efficiency and market responsiveness [5] - This strategy aims to consolidate Reitar Logtech's industry-leading position in the food supply chain [5] Group 5: Future Expansion Plans - Pine Forest Holdings plans to replicate its successful model in Southeast Asia, promoting digitalization and modernization of food circulation in the Greater Bay Area [6] - The initiative aims to provide consumers with safer and more efficient food choices [6] Group 6: Overall Vision - Reitar Logtech and Pine Forest Holdings are committed to driving upgrades in smart agriculture and food supply chains through technological innovation and collaboration [8]